Persons entitled
- W.H.Smith Limited
Amount secured
The obligations of the chargor to make payments to W.H.smith limited pursuant to the warranties on the part of the chargor contained in schedule 1 to an acquisition agreement dated 17/09/91 the obligations of the chargor to make payments to the chargee pursuant to the tax covenants given in the form set out in schedule 4 to the acquisition agreement the obligations of the chargor to subscribe for shares in virgin retail limited and the obligations of the charger to fund virgin retail limited pursuant to clauses 17.11 and 17.14 of a joint venture agreement dated 03/02/92 in respect of any liability under the tax covenant referred to in the above and all moneys due or to become due from the chargor to the chargee under the terms of the deed
Short particulars
Fixed equitable charge over a bank account to be opened by the chargor in its name with lloyds bank PLC into which shall be paid any payments made by virgin retail limited the total of all sums standing to the credit of the chargor in the tax covenant account.